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now I have mentioned the requirement clearly please try to solve it a) using (1) factor tables, (2) a financial calculator, or (3) Excel functions,
now I have mentioned the requirement clearly please try to solve it
a) using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right of-use asset and lease liability, b) Prepare the initial entryto reflect the signing of the lease agreement. c) Prepare the subsequent journal entries on Kingbird Corp.'s books to record the payments and expenses related to this lease for the years 2020 and 2021 as well as any adjusting journal entries at its fiscal year ends of December 31, 2020 and 2021. Kingbird does not use reversing entries. (Round answers to 2 decimal places)
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